Funding structure, how it compares to peers, and where major projects stand.
How is Sam Rayburn ISD paid for?
Texas school-finance formula plus local property taxes
Sam Rayburn ISD is a rural district of about 480 students in Ivanhoe, Fannin County, Texas, with one elementary and one junior/senior high school. Like other Texas districts it is funded through the state formula, which mixes state aid with a local maintenance-and-operations tax, plus a separate debt-service tax to repay bonds. A seven-member board elected at large to four-year terms sets the budget and tax rate and supervises Superintendent Dustin Evans.
2026-27 budget
$9,501,143 in revenue and spending proposed for adoption August 27, 2026 (balanced).
2026-27 tax rate
Proposed total $0.828550 per $100: $0.748100 operations plus $0.080450 debt service.
Election
Three seats (Brian Eaves, Chris Flippo, Drew Farris) are on the November 3, 2026 ballot.
Leaders
Chris Flippo usually presides at board meetings; principals are Stephanie Laisy (elementary) and Greg Stover (high school).
The board posts every agenda and signed minutes on a clear table. The minutes are short and usually omit dollar amounts, and the August 27 minutes were not yet posted.
$9,501,143 divided by about 484 students (NCES enrollment); a calculation that includes all funds in the proposed budget.
Major projects
School bus purchases
quotes approved
The board approved bus quotes from two dealers after reviewing the state seat-belt cost report.
Next: [object Object]
SB 546 seat-belt cost reporting discussed
Seat-belt report approved
Bus quotes from Longhorn Bus Sales and Masters Transportation approved
Funding
Not stated
Safety and security audits
findings under corrective action
A district vulnerability assessment, safety and security audit, and intruder detection audit were reviewed in closed or open session over the summer of 2026.
Next: [object Object]
Vulnerability assessment discussed
Safety and security audit discussed
Intruder detection audit findings and corrective actions discussed
Funding
n/a
Septic system work
bids taken
The superintendent reported on septic bids and the septic system in winter and spring 2026.
Next: [object Object]
Septic listed under facilities report
Septic bids reported
Septic system update
Funding
Not stated
Local elections & school board members
Elections & votes
Board electionScheduled
Sam Rayburn ISD trustee election, November 3, 2026 (three seats)
Sam Rayburn ISD
Three at-large trustee seats held by Brian Eaves, Chris Flippo and Drew Farris are on the November 3, 2026 ballot for four-year terms. The filing deadline was August 17, 2026. The district has not posted a candidate list.
Built from the board's posted agendas and signed minutes (October 2025 to October 2026) and the 2026-27 student handbooks on srisd.org. Signed minutes are scanned and were read with OCR.
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